ETF Outlook for Wednesday, July 30, 2014
The pullback in the U.S. stock market continued yesterday with all three major indices closing in the red.
The NASDAQ held up the best with a small loss of 2 percent, led by some strong technology earnings. The tech-heavy index should once again show relative strength after Twitter (NYSE: TWTR) reported earnings last night that beat estimates. The stock is up over 20 percent in pre-market trading.
Big economic numbers are set to move the market today, particularly second quarter GDP and the ADP jobs report. GDP came in much stronger than expected, but the jobs report, while good, was disappointing. There is also the end of the Federal Reserve's Open Market ...
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